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Technology Stocks : Cognicase (COGI, T.COG) - Integrated IT Solutions -- Ignore unavailable to you. Want to Upgrade?

To: Gilbert Drapeau who wrote (690)	12/1/1999 9:09:00 AM
From: Gilbert Drapeau	Respond to of 843

Cognicase Announces Internet Portal Joint Venture in Maritime Shipping Industry DECEMBER 1, 1999 MONTREAL, QUEBEC, CANADA--COGNICASE Inc. (Nasdaq: "COGI") today announced a joint venture with ShipAhead Inc. for the introduction of ShipAhead.com, an e-business enabled Internet portal that brings together cargo carriers, shippers, seaports and all other related businesses in the maritime shipping industry. COGNICASE is responsible for the development, deployment and management of the ShipAhead technology platform. Under the terms of the joint venture, COGNICASE will have an equity position in ShipAhead and a seat on its board of directors. The ShipAhead portal will be launched in January 2000. "We are pleased to announce ShipAhead.com as one of our strategic Web initiatives. COGNICASE has developed a comprehensive blueprint for establishing successful e-businesses, from strategy to implementation. We already have more than 100 e-business projects to our credit, making this the fastest growing sector of our company," said Ronald Brisebois, President and Chief Executive Officer of COGNICASE. Capt. Sam A. Saleh, President of ShipAhead Inc./Master Mariner, added: "ShipAhead will be the first portal of its kind to provide an integrated business environment for all players within the transportation industry. We have selected COGNICASE as our partner because of the company's global vision of e-business. We believe that they have the technical know-how and key marketing and business assets, as evidenced by their past success, to make ShipAhead a major industry portal." About ShipAhead.com ShipAhead foresaw the great value of integrating all aspects of the transportation business, related to products and services and the interaction from manufacturing/supply to the customers' end. The ShipAhead service is an interactive e-commerce portal designed to assist the maritime shipping industry and its related businesses to find industry information, resources and business opportunities. Shippers, shipping lines, ports, cargo transporters and many other businesses benefit from the variety of services provided by ShipAhead. They can find and post information about selling and buying cargo, selling, buying, and chartering vessels, ports, businesses and schedules. In addition, ShipAhead will provide advertising and a sophisticated bidding facility. The service is also a great way to reach new customers with valuable business, product or service information, to locate suppliers and to create business alliances around the world. About COGNICASE COGNICASE is among the North American leaders in the implementation of business solutions that leverage information technology, with offices in several major North American and European business centres. Based on its pragmatic approach, productivity tools, international IT engineering and hosting centre and critical mass of business and technology expertise, COGNICASE offers innovative solutions that contribute to the success of its customers. Its solutions include: implementation of turnkey e-business solutions, ASP services, re-engineering of existing applications for e-business, technology configuration management, as well as project management and business process improvement consulting services.